More Construction Jobs In London
Barratt London and L&Q sign major partnership to redevelop Fulham Wharf
Barratt London have announced that, in partnership with L&Q, it has acquired an 8.5 acre site in Fulham from Sainsbury plc. The site, which is on the north bank of the Thames, has a gross development value of £420m with planning permission for 463 riverside apartments and a new Sainsbury’s supermarket.
This is the third major JV Barratt is undertaking in conjunction with L&Q in London which in total will supply more than 1,000 homes in the Capital. Fulham Wharf follows on from the 50/50 JVs at the Ashburton regeneration project adjacent to the Emirates stadium in North London, and the 27 story Alie Street project on the eastern edge of the City.
The Fulham site has been bought on an unconditional basis with planning permission. In addition to the supermarket and housing, it will include restaurants, cafes and bars, a crèche, a gym, landscaped gardens, a riverside walk and the use of a jetty to create an ecological area for riverside wildlife.
The development will be delivered in two phases with phase one comprising the construction of the new 9,395m2 supermarket for Sainsbury’s together with 267 residential units of which 52 will be shared ownership. The residential blocks wrap around the new supermarket as well as extending above the building and range from 2-17 storeys. Phase two comprises the demolition of the existing superstore and the construction of 196 units, including 14 social rented homes.
Alastair Baird, Regional Managing Director of Barratt London said: “We are delighted to have secured this high profile project on the west London water front. Barratt has a strong track record of delivering complex London schemes including Dalston Junction and Canada Water and this gave us a strong competitive advantage. Our London portfolio is expanding fast – we now have over 3,000 units under construction across the Capital in 17 boroughs providing homes ranging from £120,000 to £3.5m.”
Jerome Geoghegan, Group Director of Development and Sales at L&Q, said: “We are delighted to be working in partnership with Barratt London. We are now working together on three high profile sites that will deliver over 1000 new homes across the Capital.”
The scheme has been designed by Lifschutz Davidson Sandilands and construction is scheduled to start this month.
Barratt London is now working on 21 sites across London including Maple Quays at Canada Water, Queensland Road, Arsenal and the Court House in Westminster.
What is your reaction to the major regeneration projects which will pave the way for more employment opportunities for people in the building engineering sector? Let us know what you think by commenting here or raising your voice on our Facebook and Twitter page.
Posted on July 12, 2012, in Affordable housing, Building Construction Industry, Building Engineering Sector, Business, construction jobs, construction news, Employment, Energy Efficiency, Government, Heath and Safety, Housing Scheme, Infrastructure, Politics, t4ts, train4tradeskills, Train4TradeSkills News, UK Economy and tagged affordable homes, Barratt London, building construction industry, business schedule, economic boost, employment opportunities, engineering sector, England, Fulham Wharf development, Investment, L&Q, London, new jobs, new residential apartments, North London, partnership, planned construction project, politics, regeneration, regeneration work, t4ts news, the Emirates stadium, train4tradeskills, train4tradeskills news, UK, Westminster. Bookmark the permalink. 2 Comments.